鑫闻界丨“25岁”泰金新能携高负债率今上会，44岁董事长年薪125万

Core Viewpoint - Xi'an Taijin New Energy Technology Co., Ltd. is undergoing an IPO review on the Sci-Tech Innovation Board, with significant involvement from various financial and legal institutions [1][4]. Company Overview - Taijin New Energy was established in 2000 and focuses on the research and production of high-end green electrolysis equipment, titanium electrodes, and metal glass sealing products, which are widely used in sectors such as new energy vehicles, 5G communication, hydrogen energy, and aerospace [4]. - The company is recognized as a leading provider of high-performance electronic circuit copper foil and ultra-thin lithium battery copper foil production line solutions internationally, and it is also a key R&D and production base for precious metal titanium electrode composite materials and electronic sealing glass materials domestically [4]. Financial Metrics - As of December 31, 2024, the company's debt-to-asset ratio (parent company) is 85.27%, with a current ratio of 1.07 and a quick ratio of 0.39, both of which are below the industry average [4]. - The company's debt-to-asset ratio is significantly higher than that of comparable companies in the industry [4]. Market Risks - In response to inquiries from the Shanghai Stock Exchange, the company acknowledged that some clients have delayed contract execution since 2024, which may lead to potential adjustments in future orders if market demand continues to fall short of expectations [4]. - The company admitted that if operational fluctuations occur, particularly regarding cash flow difficulties and inability to expand financing channels, there could be short-term debt repayment risks [4]. Leadership - The chairman of Taijin New Energy is Feng Qing, born in 1981, who has held the position since November 2022, with an annual salary of 1.2536 million yuan for 2024 [4].